The S&P 500 notched a 6% rally was accompanied by a spike in the US Dollar during Tuesday’s trading session as FX volatility remained elevated despite a pullback in the VIX Index.
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Tuesday, 17 March 2020
Canadian Dollar Price Outlook: Loonie Crushed, USD/CAD Explodes
The US Dollar has surged over the past couple of weeks and, when combined with CAD-weakness, USD/CAD has shown an aggressive bullish breakout.
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ASX 200 & Nikkei 225 Price Outlook: Stocks and Sentiment Steady, For Now
Stocks marched higher on Tuesday after suffering their second worst daily performance on record. With governments eager to shore up their respective economies, where are equities headed?
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US Dollar Soars as USD/JPY Rips, EUR/USD, GBP/USD & AUD/USD Flop
The US Dollar recoils to multi-year highs after spiking 5% higher since March 10 as the coronavirus pandemic sparks a dash for cash and weighs on USD/JPY, EUR/USD, GBP/USD and AUD/USD price action.
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European Stock Exchanges Ban Short-Selling, Massive Stimulus Needed
The coronavirus continues to roil global financial markets with some European Bourses clamping down on short-selling. Governments need to go ‘all in’ immediately to prevent further economic meltdown.
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Market Sentiment Showing Few Signs of Recovering | Webinar
Trader confidence in stocks continues to show no indication of an improvement, making calling a bottom highly risky. However, currencies are providing opportunities to take advantage of market vola...
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US Dollar Surges on Funding Market Distress Signal: Risk of Explosive Breakout
Distress signals in funding market as cross currency basis swaps widen to Eurozone debt crisis levels.
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EUR/USD Price Slides After Eurozone and German Sentiment Crashes
The latest Eurozone and German ZEW sentiment data paint an increasingly worrying picture for the single-block as sentiment readings plummet.
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Gold Price Outlook: Are Gold Prices Still a Safe-Haven?
Is gold losing its safe-haven appeal? As the economy looks set to fall into a recession, gold has not escaped the panic selling.
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British Pound (GBP) Latest: EUR/GBP Advance Set to Continue
Strength in EUR/GBP and weakness in GBP/USD, the FTSE 100 and Gilts suggest further losses to come for Sterling assets.
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EUR/USD Braces For ZEW Data, Retail Sales as Virus Sours Sentiment
EUR/USD may fall if German ZEW survey data and US retail sales show consumer optimism and spending patterns have been infected by panic surrounding the coronavirus pandemic.
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Gold Prices Slide Again As Coronavirus Prompts Cash Raising
Gold prices have continued to slide on Tuesday despite the long cloud cast by the coronavirus as some investors opt to hold cash instead.
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Monday, 16 March 2020
USD/CAD Rate Outlook Mired by RSI Divergence
USD/CAD may face a larger pullback over the coming days as the exchange rate appears to be deviating with the Relative Strength Index (RSI).
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NZD Gains as Markets Applaud Fiscal Coronavirus Response
The New Zealand Dollar gained despite record low local interest rates as the government announced a broad sweep of fiscal measures aimed at limiting the virus’ economic effects
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NZD/USD Outlook Clouded with Mixed Signals Following RBNZ Rate Cut
NZD/USD pares the decline following the RBNZ rate cut, but the exchange rate may continue to carve a series of lower highs and lows as the RSI sits in oversold territory.
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AUD/USD Fast Approaching 2008 Bottom With US Recession Possible
The Australian Dollar is fast approaching the 2008 bottom after another worst day on Wall Street since 1987. Trump hinted a recession may be due with the virus relief bill in focus.
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US Dollar Whipsaws on Fed Virus Response – USD Trade Levels
The US Dollar tumbled after another emergency Fed rate cut and QE package, but USD price action climbed notably off session lows amid the worsening coronavirus pandemic.
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Stocks Suffer Second Largest Decline in History as VIX Extends Higher
The US equity market suffered its second worst decline in history on Monday as the Dow Jones, Nasdaq and S&P 500 decline more than -12% a piece. Still, volatility looks to persist.
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Recession Risk Intensifies as Crude Crashes & Coronavirus Festers
Recession risk could be ratcheting even higher after the price of crude oil crashed over 20% in a single day, which is likely exacerbating economic stress initially sparked by coronavirus concerns.
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Crude Oil Price Climbs off the Lows but Recovery Remains Unlikely
Crude oil moved off the lows on Monday as the United States looks to purchase large quantities of the commodity for storage in the country’s strategic reserve, but a larger recovery is unlikely.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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